Vice President

Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities:

• Execute trades across the CLO, Trups CDO, and ABS CDO capital structure, facing investors ranging from Hedge Funds and Private Equity to Banks and Insurance companies.

• Perform scenario analysis on risk exposure, including credit risk, interest rate risk, liquidity risk, maturity risk on a range of fixed income products.

• Make risk decisions around hedging with equity and fixed income products.

• Communicate internally and with clients around market trends, recent performance, and potential outlook considering a range of factors.

• Build financial models of individual companies, and structured products, and perform scenario analysis on cashflows.

• Analyze transaction documents including Indentures, Offering memoranda, Trustee reports, swap documentation for specific CLO transactions.

• Participate in the development of new issue CLO transactions, and the evaluation of financing facilities.

• Participate in industry conferences to represent the firm.

• Model cashflows for structured credit products and perform discounted cashflow analysis based on estimated required returns.

• Make markets for customers on the entire CLO capital structure based on market comparables and macro conditions.

• Estimate and model loss given default scenarios for leveraged loans, trust-preferred securities, and non-agency mortgages as collateral for structured products.

• Assess legal documentation and recent performance reports for the structures to understand cashflow waterfalls, trading restrictions, collateral composition, and manager behavior.

• Negotiate with market participants to provide liquidity and execute trades.

Required Skills & Experience:

• Master's degree or equivalent in Finance, Accounting, Business Administration, Economics or related; and

• 3 years of experience in the job offered or a related Finance occupation.

• Must include 3 years of experience in each of the following:

• Modeling cashflows for structured credit products and performing discounted cashflow analysis based on estimated required returns;

• Making markets for customers on the entire CLO capital structure based on market comparables and macro conditions;

• Estimating and modeling loss given default scenarios for leveraged loans, trust-preferred securities, and non-agency mortgages as collateral for structured products;

• Assessing legal documentation and recent performance reports for the structures to understand cashflow waterfalls, trading restrictions, collateral composition, and manager behavior; and,

• Negotiating with market participants to provide liquidity and execute trades.

• Up to 15% domestic and international travel, as necessary.